Lot 39 - 8-12 Murton Street, Sunderland, Tyne & Wear, SR1 2RB

FREEHOLD OFFICES & LEISURE BUILDINGS WITH PLANNING CONSENT FOR DEVELOPMENT

Guide price: £100,000 plus *

Auction Date

Tuesday, 13th December 2016 11:00am

Location & Description

Comprising offices and two private clubs within a mixed commercial/residential area just to the east of Mowbray Park about ½ mile south east of Sunderland city centre.
Sunderland is a major city and port located at the mouth of the River Wear and is adjacent to both the A19 & A1(M) approximately 10 miles south east of Newcastle upon Tyne.
The property is located at the junction with Murton Street and Tatham Street Back adjoining the recently developed Sunderland Software City, a local joint enterprise funded by the European Regional Development Fund (ERDF) for inspiring & enabling the development of software and creating a tech hub in the North East of England.

PLANNING

The property benefits from planning permission, subject to a s106 from Sunderland City Council ref: 13/02683 for residential re-development to provide 17 x three storey town houses.
Previously permissions have been granted in 2007 for 45 apartments and six commercial units and in 2010 for 38 apartments.